Alliancebernstein L.P. Acquires 12,488 Shares of United Dominion Realty Trust, Inc. $UDR

Alliancebernstein L.P. increased its holdings in shares of United Dominion Realty Trust, Inc. (NYSE:UDR) by 0.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,348,974 shares of the real estate investment trust’s stock after purchasing an additional 12,488 shares during the quarter. Alliancebernstein L.P.’s holdings in United Dominion Realty Trust were worth $60,933,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in UDR. Stifel Financial Corp grew its stake in shares of United Dominion Realty Trust by 10.0% during the 4th quarter. Stifel Financial Corp now owns 10,113 shares of the real estate investment trust’s stock worth $439,000 after acquiring an additional 919 shares in the last quarter. Algert Global LLC grew its stake in shares of United Dominion Realty Trust by 23.1% during the 4th quarter. Algert Global LLC now owns 12,000 shares of the real estate investment trust’s stock worth $521,000 after acquiring an additional 2,250 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of United Dominion Realty Trust by 2.8% during the 4th quarter. Ameriprise Financial Inc. now owns 468,421 shares of the real estate investment trust’s stock worth $20,334,000 after acquiring an additional 12,795 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of United Dominion Realty Trust by 9.3% during the 4th quarter. Captrust Financial Advisors now owns 21,139 shares of the real estate investment trust’s stock worth $918,000 after acquiring an additional 1,794 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of United Dominion Realty Trust by 56.6% during the 4th quarter. Deutsche Bank AG now owns 1,451,122 shares of the real estate investment trust’s stock worth $62,993,000 after acquiring an additional 524,623 shares in the last quarter. 97.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on UDR shares. Mizuho decreased their price target on shares of United Dominion Realty Trust from $45.00 to $41.00 and set a “neutral” rating for the company in a research note on Friday, May 23rd. Evercore ISI decreased their price target on shares of United Dominion Realty Trust from $45.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, August 12th. Piper Sandler reaffirmed a “neutral” rating and set a $43.00 price target (down from $48.00) on shares of United Dominion Realty Trust in a research note on Monday, August 4th. Scotiabank decreased their price target on shares of United Dominion Realty Trust from $51.00 to $48.00 and set a “sector perform” rating for the company in a research note on Friday, June 13th. Finally, Truist Financial cut their price objective on United Dominion Realty Trust from $46.00 to $43.00 and set a “hold” rating for the company in a report on Tuesday, August 26th. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $45.04.

United Dominion Realty Trust Trading Up 0.6%

NYSE UDR opened at $39.06 on Monday. The company has a market cap of $12.94 billion, a PE ratio of 102.80, a PEG ratio of 9.78 and a beta of 0.88. The company has a current ratio of 5.22, a quick ratio of 5.22 and a debt-to-equity ratio of 1.76. United Dominion Realty Trust, Inc. has a 12 month low of $36.61 and a 12 month high of $47.55. The stock has a 50 day moving average of $39.55 and a 200-day moving average of $41.22.

United Dominion Realty Trust (NYSE:UDR) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The company had revenue of $423.00 million during the quarter, compared to the consensus estimate of $422.64 million. United Dominion Realty Trust had a return on equity of 4.11% and a net margin of 7.81%.The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 EPS. United Dominion Realty Trust has set its Q3 2025 guidance at 0.620-0.640 EPS. FY 2025 guidance at 2.490-2.550 EPS. On average, equities research analysts anticipate that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current fiscal year.

United Dominion Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $1.72 annualized dividend and a yield of 4.4%. United Dominion Realty Trust’s dividend payout ratio (DPR) is currently 452.63%.

United Dominion Realty Trust Company Profile

UDR, Inc (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted U.S.